Nigeria’s foreign exchange demand for oil-sector imports increased sharply in 2025, rising by 114.91 per cent despite the expansion of domestic refining capacity. The development...
The withdrawal of the Central Bank of Nigeria’s COVID-19 regulatory forbearance has pushed the banking industry’s Non-Performing Loans (NPL) ratio to 9.94 per cent in...
The naira remained relatively stable at the start of trading on Wednesday, August 5, 2026, with the official exchange rate hovering around ₦1,362.55 per dollar...
Nigerian banks significantly increased the amount of money deposited with the Central Bank of Nigeria (CBN) in July 2026, reflecting stronger liquidity conditions in the...
The Central Bank of Nigeria (CBN) has reported a sharp increase in the value of ATM transactions in Nigeria, which rose by 208.4 percent year-on-year...
The Federal Government’s earnings from crude oil exports declined by 14.41 percent to $31.54 billion in 2025, down from $36.85 billion recorded in the corresponding...
The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent following the outcome...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country’s external reserves have climbed to about $52 billion, while net external...
Nigeria’s Deposit Money Banks (DMBs) reduced lending to key sectors of the economy by N5.45 trillion in 2025, reflecting tighter credit conditions following recent regulatory...
The Central Bank of Nigeria (CBN) has reaffirmed that the standard ₦100 banknote remains legal tender and must be accepted for all transactions across the...
